Common use of Cancellation of Benefit Service Clause in Contracts

Cancellation of Benefit Service. If this Plan is a defined benefit plan and if the Participant’s vested percentage is determined under this Appendix and if a Participant receives a lump sum distribution of the present value of the vested portion of his accrued benefit, the Plan shall:

Appears in 2 contracts

Samples: People’s Utah Bancorp Employee Stock Ownership Plan Trust Agreement (People's Utah Bancorp), Piper Jaffray Companies

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Cancellation of Benefit Service. If this Plan is a defined benefit plan and if the Participant’s 's vested percentage is determined under this Appendix and if a Participant receives a lump sum distribution of the present value of the vested portion of his accrued benefit, the Plan shall:

Appears in 2 contracts

Samples: Employee Stock Ownership Plan Trust Agreement (Entegris Inc), Trust Agreement (Entegris Inc)

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